Wednesday, September 06, 2017 4:10:44 PM
Cancellation of their 85b/85m post split shares.
There is little reason to inflate the OS by 80x if they're just going to hold them. Right now, the market cap is $8.6m, which is right around their annual revenue. So, one could say that .0001 - .10 post split - is their fair value,very roughly speaking. Stocks aren't valued based on their float. If they got rid of the 85m shares that they only needed to issue to make the merger tax exempt, this would be very clearly undervalued. They own the 2m preferred control block, so control isn't the issue.
Canceling the RS would be cool, but not something that weighs heavy on my decision, as I don't think they're going to dump shares afterward. Although that would make Deep Green the exception to the rather reliable penny-stock rule.
@OTCMondragon
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